Chinese citizens have 38% savings rate, this is amazing. US citizen saving rate is -1

[Opulence]

Quote from RoninW:

Forgive me for being blunt but are you stupid or something?

They save 38% regardless of how much that is, while Americans save negative percentage.
Is that not clear?
Wasn't I clear?

I have difficulty believing there are real investors/traders on this site. If there are any they are keeping quiet.

Well said. Besides, why do they think China is able to finance America's consumption? Because they save so much while consuming so little while Americans consume so much and save so little. That simple.

 

[Scataphagos]

Quote from Opulence:

Well said. Besides, why do they think China is able to finance America's consumption? Because they save so much while consuming so little while Americans consume so much and save so little. That simple.

I once saw where some politico said, "America's role in the world economy is to consume what others produce".

Simple, see?

 

[zdreg]

Quote from Scataphagos:

I once saw where some politico said, "America's role in the world economy is to consume what others produce".

Simple, see?

of course.
afghans produce heroin and Colombians produce cocaine.
americans consume.

 

[Opulence]

Quote from Scataphagos:

I once saw where some politico said, "America's role in the world economy is to consume what others produce".

Simple, see?

Bingo!

 

[zdreg]

Quote from Opulence:

Well said. Besides, why do they think China is able to finance America's consumption? Because they save so much while consuming so little while Americans consume so much and save so little. That simple.

it is the secret of opulence.

 

[zdreg]

Quote from Opulence:

Well said. Besides, why do they think China is able to finance America's consumption? Because they save so much while consuming so little while Americans consume so much and save so little. That simple.

it is the secret of opulence.

 

[bonds]

This is why the Chinese market is crashing while the US market is ripping to all time highs

 

[Opulence]

Quote from bonds:

This is why the Chinese market is crashing while the US market is ripping to all time highs

An artificial high?

 

[eurotrasher]

its all for shit.

when the usa defaults on all the bond debt the chinese have been sucked into buying the last 30 years, it all gets flushed to zero.

 

[dandxg]

Quote from RoninW:

You are being just funny right?

If you travel to outside of US into far east you will see a culture of saving, the belief that spending someone else's money (credit) is a bad thing.

Are there only Americans on this site?

Most of the world, except the US values saving. I have a lot of family from Europe and they don't have 30 year loans and 3-4 credit cards. A couple of them, one in the Czech Republic and one in Ireland both bought very nice homes with 1-5 year mortgages.